This short paper presents a new stylized fact about bank nonperforming loans. According to the data for the US, the average of the ratio of noncurrent loans to total loans for large banks presents a very high negative correlation with the same ratio for small banks. This result remains valid for different measures of bank size as well as controlling for different bank characteristics such as ch...

Department Head: Dan Wilson, [email protected] [7], (434) 924-0193 Collection Development & Management Librarian: Jonathan Lord , [email protected] [8], (434) 924-0059 Document Delivery/Interlibrary Loan Specialist: Jeri Davis, [email protected] [9], (434) 924-0058 Southwest Virginia Outreach Librarian: Ann Duesing, [email protected] [10], (276) 328-0168 Metadata Services Manager: Abbey Hefli...

Department Head: Dan Wilson, [email protected] [7], (434) 924-0193 Collection Development & Management Librarian: Jonathan Lord , [email protected] [8], (434) 924-0059 Document Delivery/Interlibrary Loan Specialist: Jeri Davis, [email protected] [9], (434) 924-0058 Southwest Virginia Outreach Librarian: Ann Duesing, [email protected] [10], (276) 328-0168 Metadata Services Manager: Abbey Hefli...

OBJECTIVE The research describes an extensible method of evaluating and cancelling electronic journals during a budget shortfall and evaluates implications for interlibrary loan (ILL) and user satisfaction. METHODS We calculated cost per use for cancellable electronic journal subscriptions (n=533) from the 2013 calendar year and the first half of 2014, cancelling titles with cost per use grea...

In recent history, it looked to many as if rural financial markets would become dominated by large banks that offered relatively expensive credit to agricultural firms. However, the 1990's have seen a resurgence in smaller banks with a focus on smaller, agricultural producer loans. Moreover, small banks may be more competitive than ever with respect to interest rates. This report outlines some ...

to such loans? This question is important to monetary policy. Like other central banks, normally the Fed makes loans to banks through its discount window. This credit has long been thought to be an important tool for responding to financial strain. But if banks are reluctant to borrow from the Fed because of a stigma attached to such loans, then the Fed’s ability to provide liquidity as a lende...

The private market of student loans has become an important source of college financing in the U.S. Unlike government student loans, eligibility conditions on student loans from the private market are based on the credit history of the student and the parents, who often serve as cosigners. In addition, interest rates on private loans vary significantly with credit scores (from 7.4 to 15.4 perce...

We analyze lending contracts when social sanctions are used to enforce repayments and borrowers di¤er in their unobserved sanctioning abilities. Symmetric group loans are preferred to cosigned loans when borrowers are relatively equal, and cosigned loans are preferred when borrowers are unequal. This explains why microlenders that target the poor (e.g., the Grameen Bank) use symmetric group loa...